RE:Share Buy Backs Have started They did,
But they also stopped due to COVID-19. The regulators loosened up the capital requirements on all the regulated banks for insured/ and uninsured loans so that individuals can get access to borrowed money to bridge their lives until the economy sputters to life again. OSFI loosened the capital requirements with the understanding that their would be no near term increase of dividends and share buybacks are put on hold.
So I don't think you will see any more buybacks for a while.
There is a note about it in the annual meeting docs. I read it a couple days back
On the bright side the government and regulators will be backstopping a lot of the funding that is going out over the next while in some form or another.
May you live in interesting times.
Hmmmm, I think it's safe to say,....
We live in interesting times.
This Covid-19. I wouldn't wish it on anyone. Not even Dhorties. I would be lying if I hadn't thought about it though.
Happy long weekend to all
Stay safe, Stay healthy
CanadianKia wrote: It looks like HCG has been buying and cancelling shares. i see transactions from Mid March. anyone else seeing this?